Economics
Ghost of Suharto Seen in Boomtowns Leading Indonesia Growth
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Five years ago, property agent Daisul Akhyar took 20 minutes to drive to work in Pekanbaru, capital of Indonesia’s Riau province. Now, he can spend two hours in traffic after a surge in wealth transformed the city.
“If you live in Riau now, it’s like living in Jakarta, there are new residential and retail developments all over the city,” Akhyar, a director of local developer PT Asrindo Perdana Mandiri, said in Pekanbaru on Sumatera island. “Selling property in this place is like selling candy to children.”